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London's banks that were once among the most coveted employers in the global financial system are struggling to fill top roles because potential penalties are seen to outweigh the perks. Standard Chartered Plc has been seeking an external replacement for Chairman John Peace for more than a year. Barclays Plc has been hunting for a successor to oversee the investment bank since last year after Tom King made it known he wanted to retire more than nine months ago, according to people with knowledge of the plan who asked not to be identified as recruitment is private.Both banks are in the midst of turnaround efforts that will probably take several years and are pushing through thousands of job cuts.Blythe Masters, who worked under Staley at JPMorgan Chase & Co., said in December she's committed to her current job at a financial startup after Reuters reported Staley approached her to run Barclays's investment bank.It's likely the bank will name someone for an expanded role as head of the newly formed Corporate and International bank, rather than as a direct replacement for King, a person familiar with the process said.
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